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GRP Ltd
(GRPLTD)
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Rating:45Neutral
Price Target:
₹1,692.00
▼(-15.68% Downside)
Action:Upgraded
Date:08/22/26
The score is held down primarily by weak financial performance—especially persistent negative free cash flow and a sharp FY2026 margin/ROE deterioration alongside rising leverage. Technicals are moderately supportive with the stock trading above major moving averages and neutral momentum readings, but valuation is a major headwind due to the extremely high P/E.
Positive Factors
Long-term revenue scale
Material revenue growth since FY2021 indicates that the company has expanded its operating scale over time. Although FY2026 was softer, the broader growth record can support future earnings recovery if the business stabilizes its margins and restores recent momentum.
Negative Factors
Sharp margin compression
The broad deterioration across gross, EBIT, and net margins signals a substantial reset in profitability rather than a narrow earnings fluctuation. Weaker margins reduce operating resilience, limit internal reinvestment, and make future earnings more sensitive to pricing, mix, and cost conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-term revenue scale
Material revenue growth since FY2021 indicates that the company has expanded its operating scale over time. Although FY2026 was softer, the broader growth record can support future earnings recovery if the business stabilizes its margins and restores recent momentum.
Read all positive factors
GRP Ltd (GRPLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.82B
Dividend Yield0.2%
Average Volume (3M)1.51K
Price to Earnings (P/E)162.6
Beta (1Y)0.73
Revenue Growth3.72%
EPS Growth-79.81%
CountryIN
Employees909
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Miscellaneous
Share Statistics
EPS (TTM)6.04
Shares Outstanding5,333,332
10 Day Avg. Volume569
30 Day Avg. Volume1,506
Financial Highlights & Ratios
PEG Ratio-3.47
Price to Book (P/B)5.60
Price to Sales (P/S)1.87
P/FCF Ratio-33.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)85
Revenue Forecast (FY)₹7.81B
GRP Ltd Business Overview & Revenue Model
Company Description
GRP Limited, an enterprise established in 1974 and based in Mumbai, India (formerly Gujarat Reclaim and Rubber Products Limited until its renaming in June 2012), specializes in the production and global distribution of reclaimed rubber products. T...
How the Company Makes Money
null...
GRP Ltd Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
52
Neutral
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.35B | 5.50B | 4.57B | 4.45B | 3.83B |
| Gross Profit | 1.81B | 2.97B | 779.49M | 1.43B | 1.22B |
| EBITDA | 402.33M | 680.66M | 499.33M | 343.06M | 243.32M |
| Net Income | 32.20M | 307.01M | 226.37M | 139.48M | 57.60M |
Balance Sheet | |||||
| Total Assets | 4.62B | 4.12B | 3.42B | 2.87B | 2.96B |
| Cash, Cash Equivalents and Short-Term Investments | 140.74M | 29.39M | 17.97M | 162.93M | 154.39M |
| Total Debt | 2.08B | 1.47B | 1.13B | 891.49M | 1.01B |
| Total Liabilities | 2.83B | 2.20B | 1.76B | 1.39B | 1.60B |
| Stockholders Equity | 1.78B | 1.92B | 1.67B | 1.47B | 1.36B |
Cash Flow | |||||
| Free Cash Flow | -297.05M | -213.13M | -302.82M | -50.58M | -225.29M |
| Operating Cash Flow | 163.84M | 445.62M | 270.09M | 251.30M | 15.21M |
| Investing Cash Flow | -560.26M | -612.54M | -420.93M | -54.52M | -383.42M |
| Financing Cash Flow | 390.77M | 177.63M | 146.68M | -193.75M | 233.81M |
GRP Ltd Technical Analysis
Negative
2006.70
Price Trends
1976.52
Negative
1896.69
Negative
1849.58
Negative
Market Momentum
-43.53
Positive
25.81
Positive
15.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRPLTD, the sentiment is Negative. The current price of 2006.7 is above the 20-day moving average (MA) of 1940.55, above the 50-day MA of 1976.52, and above the 200-day MA of 1849.58, indicating a bearish trend. The MACD of -43.53 indicates Positive momentum. The RSI at 25.81 is Positive, neither overbought nor oversold. The STOCH value of 15.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GRPLTD.
GRP Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹12.44B | 12.42 | ― | 0.48% | 27.94% | 66.75% | |
56 Neutral | ₹9.55B | 14.57 | ― | 2.38% | -5.08% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹7.36B | 13.86 | ― | 0.68% | -1.31% | 47.06% | |
50 Neutral | ₹9.52B | 11.99 | ― | 0.40% | 2.49% | 249.40% | |
45 Neutral | ₹9.82B | 162.62 | ― | 0.20% | 3.72% | -79.81% | |
44 Neutral | ₹7.96B | 13.52 | ― | 0.41% | -8.16% | -22.62% |
* General Sector Average
IN:GRPLTD
GRP Ltd
1,735.10
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-19.75%
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GRP Ltd Corporate Events
GRP Limited Publishes Q1 FY27 Investor Presentation on Unaudited Results
Jul 24, 2026
GRP Limited has released an investor presentation detailing its unaudited financial results for the quarter ended 30 June 2026, corresponding to Q1 of FY 2027. The company has filed this disclosure with both the BSE and NSE in compliance with SEBI...
GRP Ltd Sets Record Date and AGM Schedule for Dividend and E-Voting
Jul 15, 2026
GRP Ltd has announced key shareholder-related dates, setting 16 July 2026 as the record date for determining eligibility to receive a dividend and participate in e-voting, in line with regulatory requirements. The company will hold its 52nd Annual...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.